Retirement plan

CHARLES M. WATTS AIR CONDITIONING, INC. 401(K) SAVINGS PLAN

Name: CHARLES M. WATTS AIR CONDITIONING, INC. - CHARLES M. WATTS AIR CONDITIONING, INC. 401(K) SAVINGS PLAN (2022) Form 5500
Creator: CHARLES M. WATTS AIR CONDITIONING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARLES M. WATTS AIR CONDITIONING, INC. 401(K) SAVINGS PLAN, CHARLES M. WATTS AIR CONDITIONING, INC.

CHARLES M. WATTS AIR CONDITIONING, INC.EIN 59-1945585Plan #002PY 2022

803 NILSEN STREET - HAINES CITY, FL 33844863-422-2295

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$631K

-33.3% from 2021

Total participants

-16.0% from 2021

Average account balance

$35,059

-22.1% from 2021

Annual return

-14.67%

-24.66 pp from 2021

Benchmarks

See 48,287 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort48,287 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$404

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+2.54%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$300K

$21411 / participant

Other / not subdivided$300K100.0%

% of EOY assets

47.499%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,059

$134,001-73.8%

$112,258-68.8%

$134,509-73.9%

Participation rate

78.6%

78.6%0pp

75.1%+3.5pp

81.2%-2.7pp

Annual return

-14.67%

47.15%-61.8pp

27.47%-42.1pp

418.13%-432.8pp

Employer contribution / active EE

$2,136

$4,039-47.1%

$3,636-41.2%

$4,741-54.9%

Participant deferral / active EE

$6,678

$5,291+26.2%

$4,728+41.2%

$6,400+4.3%

Admin fee / account holder

$16,653

$7,491+122.3%

$6,411+159.7%

$11,427+45.7%

CHARLES M. WATTS AIR CONDITIONING, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARLES M. WATTS AIR CONDITIONING, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion